-PTI Over 1,000 IAS officers have failed to submit their immovable property returns (IPRs) to the government within the stipulated time frame this year. Of the total of 1,057 officers who did not submit their IPRs for 2012, a highest of 147 are from Uttar Pradesh cadre, 114 of Arunachal Pradesh-Goa-Mizoram-Union Territories (AGMUT), 100 of Manipur-Tripura, 96 of Jammu and Kashmir and 88 of Madhya Pradesh cadre among others, according to Department...

-The Times of India MUMBAI: Market regulator Sebi on Wednesday cracked down on the retail-to-financial services Sahara group and ordered the attachment of all assets of two Sahara group firms, besides freezing their bank accounts and those of their promoters and directors including that of group head Subrata Roy. Sebi's crackdown on the two Sahara group firms—Sahara Housing Investment Corp and Sahara India Real Estate Corp — comes exactly a week after...

-The Hindustan Times In a ruling that would be music to the ears of babus, the Supreme Court (SC) has held that a government officer’s personal details such as income-tax (I-T) returns cannot be divulged in response to a query under the Right to Information Act (RTI) unless a larger public interest was involved. Disclosure of such information would amount to unwarranted invasion of an officer’s privacy, it said. “The performance of...

-The Hindu Attaches Swiss bank accounts of City Limouzines Group, says the case will help other international investigations For the first time, the Enforcement Directorate (ED) has been able to convince Switzerland to give it access to attach the accounts of an Indian company, City Limouzines, under the Prevention of Money Laundering Act (PMLA). The company was allegedly involved in running a racket of ponzi schemes in various cities and has stashed...

-Outlook The Supreme Court has ruled that the details of a person's income tax returns and performance of an employee are "personal information" which cannot be divulged under the provisions of the Right to Information Act unless a larger public interest is involved. The apex court added that under the transparency law, information pertaining to the performance of an employee or officer cannot be made public as it is a matter between...